Which nonprofit are we going to support this quarter?

in #vivacoin7 years ago

Every quarter, VIVAcoin grants an award right to crown holders who must redistribute them to nonprofits or artists.

Image source

Where does this money come from?

Each month, the US Federal Reserve or the European Central Bank creates currency to meet the needs of banks, which lend it mostly to the states, then to businesses and individuals.

In the case of Ethereum, it is the program that allocates $ 3.6 million per day to the computer scientists who run the network. The ether reached $ 100 and its capitalization is now approaching $ 10 billion.
What does $100 ether mean ?

VIVAcoin is a new economic system, as in previous systems, a certain amount of money is created every quarter. But whether it's the banks or a computer program that distributes that money, it's a group of human beings, the Crown holders, who decide who the money is distributed. One part of course is redistributed in the economy, another is given to the nonprofits.
Vivacoin

How to choose the nonprofit ?

I have supported many associations:

Some, like the members of France Nature Environnement, are tackling many problems related to the defense of the environment, a subject that is particularly absent during the French presidential campaign and yet crucial.

Others tied a strong link between the families of the North and the families of the South to build schools and dispensaries such as Plan-International.

Action against hunger fights in the emergency against malnutrition. A subject that remains hot despite all the technical advances of recent years.

Idealist lists thousands of local and global associations that make this world a better place every day.

How to make a choice among all these noble causes?
When VIVAcoin reaches its cruising speed, 42,000 Crown holders will be able to donate to a nonprofit of their choice.

The new virtual economy is growing much faster than the old one. The bursting of the bubble of the start-ups of the Internet of the years 2000s taught us that the trees do not go up to the sky. But in the case of this new economy, the very structure of the financial system is affected and the decision chain is renewed. As in the case of Bitcoin and Ethereum, the transfer of wealth is expected to be colossal.

Sort:  

This post has been ranked within the top 10 most undervalued posts in the second half of May 08. We estimate that this post is undervalued by $43.44 as compared to a scenario in which every voter had an equal say.

See the full rankings and details in The Daily Tribune: May 08 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.

If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.

Coin Marketplace

STEEM 0.18
TRX 0.13
JST 0.028
BTC 57630.83
ETH 3105.65
USDT 1.00
SBD 2.33